Washington D.C. – The Federal Reserve’s key inflation measure has shown that inflation rates rose in June, surpassing analysts’ expectations. The Personal Consumer Expenditure Index revealed a 2.6% increase from the previous year.
This is notably higher than the anticipated 2.5% increase and exceeds May’s 2.4% rise. It marks the largest inflation increase in the past four months.
This rise in inflation is being felt by consumers, particularly at grocery stores. As prices continue to climb, families are noticing the impact on their budgets.
Economists are closely monitoring these changes as they reflect broader economic trends. The Federal Reserve uses this index to guide monetary policy, making it a crucial indicator for future decisions.
